REGISTERED NUMBER: 14082910 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BEXWELL FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S B Day

Mrs C Day

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

14082910 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

18,125

20,625

Tangible assets

5

282,043

259,636

300,168

280,261

CURRENT ASSETS

Stocks

96,367

41,771

Debtors

6

9,078

32,927

Cash at bank

738,674

534,183

844,119

608,881

CREDITORS

Amounts falling due within one year

7

460,306

396,348

NET CURRENT ASSETS

383,813

212,533

TOTAL ASSETS LESS CURRENT LIABILITIES

683,981

492,794

CREDITORS

Amounts falling due after more than one year

8

(100,000

)

(100,000

)

PROVISIONS FOR LIABILITIES

(68,050

)

(64,900

)

NET ASSETS

515,931

327,894

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

515,831

327,794

515,931

327,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

S B Day - Director

Mrs C Day - Director

1.	STATUTORY INFORMATION

Bexwell Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it has adopted the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Tractors

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

25,000

AMORTISATION

At 1 April 2024

4,375

Charge for year

2,500

At 31 March 2025

6,875

NET BOOK VALUE

At 31 March 2025

18,125

At 31 March 2024

20,625

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

-

117,884

-

Additions

10,020

64,284

708

Disposals

-

(24,646

)

-

At 31 March 2025

10,020

157,522

708

DEPRECIATION

At 1 April 2024

-

31,353

-

Charge for year

436

30,128

148

Eliminated on disposal

-

(10,783

)

-

At 31 March 2025

436

50,698

148

NET BOOK VALUE

At 31 March 2025

9,584

106,824

560

At 31 March 2024

-

86,531

-

Motor

vehicles

Tractors

Totals

£

£

£

COST

At 1 April 2024

33,939

162,008

313,831

Additions

-

120,000

195,012

Disposals

-

(110,500

)

(135,146

)

At 31 March 2025

33,939

171,508

373,697

DEPRECIATION

At 1 April 2024

9,849

12,993

54,195

Charge for year

6,025

37,596

74,333

Eliminated on disposal

-

(26,091

)

(36,874

)

At 31 March 2025

15,874

24,498

91,654

NET BOOK VALUE

At 31 March 2025

18,065

147,010

282,043

At 31 March 2024

24,090

149,015

259,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

9,078

32,927

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

48

Taxation and social security

61,762

37,871

Other creditors

398,544

358,429

460,306

396,348

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

100,000

100,000